Cloud data management vendor Acronis has received over $250m in a new funding round and plans to spend a big chunk of it on developing its growing partner channel.
The money has been received from CVC Capital Partners VII and other investors. Acronis will use the funds to develop the portfolio of its integrated data backup and cyber protection products.
“A significant portion of the investment will also be used to further enhance Acronis’ go-to-market initiatives by expanding its broad partner network - most notably managed service providers,” said the firm.
Acronis Cyber Protect is a unified cyber security and data protection solution that is natively integrated, so service providers can operate the functions through a single pane of glass - delivering protection at a lower cost, says the vendor.
With the new funding Acronis will expand support for cloud partners, providing them with additional sales and marketing resources, “faster and localised” technical support, dedicated partner success managers and local data centres in 111 locations worldwide.
The investment values the company at more than $2.5bn. “Acronis has invested significant resources developing an innovative cloud-native ‘MSP in a box’ solution, with integrated backup, disaster recovery, cyber security, remote management and workflow tools,” said Leif Lindbäck, senior managing director of CVC Capital Partners.
“Acronis already provides mission-critical solutions to more than 10,000 MSPs and half a million small- and medium-sized businesses," Lindbäck said.
“With this additional funding we will accelerate the development of our product portfolio and invest more in our partners’ success,” said Serguei Beloussov (pictured), founder and CEO of Acronis.
Beloussov said the firm will continue to invest in expanding its global sales, partner account management and partner success teams, and hiring new technical talent for its research and development centres in Bulgaria, Israel, Singapore, Switzerland and the US.